ION Energy, a Mumbai-based company that works in the area of energy storage systems and electric vehicle infrastructure, said it has acquired French battery management company, Freemens SAS. As part of the cash plus equity deal, the entire Freemens engineering and sales team will join the core team of ION.

India’s thermal power plants are the mainstay for meeting the demand for electricity in the country. Ninety per cent of the thermal power plants depend on fresh water for cooling and 40 per cent of these plants experience high water stress, says the World Resourcew Institite (WRI).